TOKYO EXCHANGE TO USE NYSE EURONEXT’S TDEX+ LIFFE-BASED TRADING SYSTEM

Posted April 28, 2008

NEW YORK – In early 2009, Tokyo Stock Exchange Inc. (TSE) plans to introduce Tdex+, a new trading system based on LIFFE Connect and AEMS technology, for its options trading market. Already operational in Japan, LIFFE Connect is the advanced trading system used by Liffe, the derivatives exchange owned by NYSE Euronext.

To enhance its ability to quickly deliver technology services to clients in Japan, including the Tokyo Stock Exchange, NYSE Euronext has expanded its Tokyo office to include representatives of its commercial technology unit, NYSE Euronext Advanced Trading Solutions.

“This agreement builds on our alliance and partnership with the TSE, and we believe the TSE can make good use of our knowledge, leadership and technology advantage in derivatives trading,” says Duncan Niederauer, Chief Executive Officer of NYSE Euronext. “Together, we will develop and introduce a superior platform that serves the interests of customers, addresses the demands for speed and capacity, and ensures that Tdex+ proves beneficial to the Japanese investor and financial marketplace.”

TSE is also planning to introduce major operational and regulatory improvements, including new Market Maker functionality for the Japanese market, with the launch of Tdex+. The Market Maker functionality will populate buy and sell quotes across the options market, a necessity in providing sufficient liquidity to this market.

“The Japanese options trading market contains significant growth potential,” says Atsushi Saito, President and Chief Executive Officer of the Tokyo Stock Exchange Group. “We believe promoting this market will bring forth a great investment opportunity for not only the Japanese investor, but investors worldwide. We have chosen NYSE Euronext as a valued partner in developing this market. [Their] technical and operational expertise in various markets, in multiple localities in Europe and the US, is of indispensable value to us.”